Eagle Point Credit Management Sells 3,806 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 3,806 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $25.19, for a total transaction of $95,873.14. Following the completion of the transaction, the insider now directly owns 461,869 shares in the company, valued at $11,634,480.11. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

• On Friday, November 29th, Eagle Point Credit Management sold 1,936 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.15, for a total value of $48,690.40.
• On Monday, November 25th, Eagle Point Credit Management sold 4,182 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.14, for a total transaction of $105,135.48.
• On Thursday, November 21st, Eagle Point Credit Management sold 1,674 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.11, for a total transaction of $42,034.14.
• On Monday, November 18th, Eagle Point Credit Management sold 1,923 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.06, for a total transaction of $48,190.38.
• On Friday, November 15th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.04, for a total value of $10,516.80.
• On Monday, November 11th, Eagle Point Credit Management sold 2,625 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.00, for a total value of $65,625.00.
• On Thursday, November 7th, Eagle Point Credit Management sold 1,312 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.97, for a total value of $32,760.64.
• On Monday, November 4th, Eagle Point Credit Management sold 129 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.94, for a total transaction of $3,217.26.
• On Wednesday, October 30th, Eagle Point Credit Management sold 2,394 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.91, for a total transaction of $59,634.54.
• On Wednesday, October 23rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.89, for a total transaction of $2,489.00.

ACRES Commercial Realty Stock Performance

Shares of ACRES Commercial Realty stock traded up $0.43 during midday trading on Tuesday, hitting $17.70. The company had a trading volume of 15,385 shares, compared to its average volume of 21,351. The stock has a market cap of $137.00 million, a PE ratio of 21.07 and a beta of 2.06. ACRES Commercial Realty Corp. has a 1-year low of $7.61 and a 1-year high of $17.77. The business’s 50 day simple moving average is $15.94 and its two-hundred day simple moving average is $14.80. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84.

Analyst Upgrades and Downgrades

Separately, JMP Securities boosted their price objective on ACRES Commercial Realty from $16.50 to $17.50 and gave the stock a “market outperform” rating in a research report on Wednesday, September 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ACR. Ritholtz Wealth Management lifted its stake in shares of ACRES Commercial Realty by 23.0% in the third quarter. Ritholtz Wealth Management now owns 25,769 shares of the company’s stock valued at $404,000 after buying an additional 4,825 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in ACRES Commercial Realty in the 3rd quarter valued at approximately $177,000. Biltmore Family Office LLC bought a new stake in shares of ACRES Commercial Realty in the 2nd quarter worth approximately $160,000. Finally, Barclays PLC increased its position in shares of ACRES Commercial Realty by 147.1% during the third quarter. Barclays PLC now owns 3,499 shares of the company’s stock valued at $55,000 after purchasing an additional 2,083 shares during the period. Institutional investors own 40.03% of the company’s stock.

About ACRES Commercial Realty

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States. It invests in commercial real estate-related assets, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and commercial mortgage-backed securities.